My investment property of the week is a three bedroom terraced house on High Street in Tibshelf.
This property is marketed by Green & May, a local independent estate agent situated on Alfreton High Street and although I haven't visited the property myself, it looks to be well presented and in good condition. Of course a thorough inspection by any potential buyer would be necessary to assess its full investment potential. Tibshelf is a popular rental area and properties there usually let within a very short period of time.
Rental values in the area for a property such as this range between
lowest £465pcm - highest £525pcm depending on the property.
If the property was purchased at the current asking price of £74,950 and let for £495pcm the yield potential would be a healthy 7.93%
Property link: http://www.greenandmay.co.uk/sales_fulldetails.php?id=100049126
If you would like to discuss this post or other potential investment properties in Alfreton and Ripley please don't hesitate to drop me an email at email@example.com